ARTICLES ABOUT TEXTILE INDUSTRY BY DATE - PAGE 3

NEW DELHI: The government released Rs 288.4 crore for setting up textile parks across the country in the last three years, parliament was informed today. "An amount of Rs 288.4 crore have been released for setting up of textile parks in the country during the last three years," Textiles Minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha . Replying to a separate question, he said the government is not considering to restore the export incentives under the focus market scheme given to cotton and cotton yarn exporters.

COIMBATORE: Various industrial bodies here, including textile, plantation and manufacturing sectors, today condemned the latest power tariff hike in the state. The move has come as yet another blow to the industries and an additional burden on the small industries, they said. The increase in HT energy charges from Rs 5.50 to Rs 6.35 per unit, coupled with the increase in monthly demand charges per KVA from Rs 300 to 350 is expected to contribute to a corresponding increase of Rs 1.25 to the cost of production of a kilogram of made tea, V Suresh Menon, Chairman, Planters Association of Tamil Nadu, said.

GANDHINAGAR: Gujarat-based Sintex Industries today said it will set up a textile processing plant near Pipavav port at an investment of Rs 5,500 crore by 2017-18. "We would be investing Rs 5,500 crore to set up this project (textile processing plant), which is located 6 kms away from Pipavav port in Amreli district," Sintex Industries MD Amit Patel told reporters. He was addressing the media after attending 'Intexcon -2014', an international seminar on textile industry, which was organised here as part of upcoming 'Vibrant Gujarat Summit-2015'.

NEW DELHI: Sulphide formation is posing a danger of soil infertility in Tamil Nadu's textile hub Tiruppur with River Noyyal, which flows through the country's biggest knitwear centre, still highly contaminated, a new study has found. "Though the situation has improved in Tiruppur, contamination levels remain high when compared to other rivers of the region. Noyyal is still highly polluted and Tiruppur is more polluted than its surroundings," says the study. The study titled 'Pollution of Surface Water in Tirupur and its Adjacent Areas by Textile Effluents' was conducted by New Delhi-based advocacy group Centre for Science and Environment (CSE)

ANJAR (GUJARAT): Home-grown textile major Welspun India plans to invest Rs 2,500 crore to expand manufacturing capacities over the next 12 months. "We have decided to invest Rs 2,500 crore in our textile business over the next 12 months period. We have set up the country's largest spinning facility at Anjar with an investment of around Rs 800 crore," B K Goenka , Chairman of textiles-to-steel Welspun Group, told reporters here today. The new facility will be instrumental in doubling Welspun's spinning capacity to over 3,00,000 spindles, thereby fulfilling nearly 70 per cent of the fine and super fine yarn requirements of the company, he said.

NEW DELHI: The Indian textile industry has the potential to grow five-fold in the next ten years to touch $ 500 billion mark on the back of growing demand for polyester fabric , says a study. A study by management consultancy firm Wazir Advisors and PCI Xylenes and Polyester says that the country's textile industry, which is currently estimated at $ 108 billion, can grow to $ 500 billion by 2025. This would be on the back of a host of reasons including shift in focus from cotton production to production of pollster textile, policy support by the government and investment on research and development, it added.

MUMBAI: The country's textile industry, which is currently estimated at $108 billion, has potential to cross $500-billion mark by 2025 if the sector gets adequate support from the government, says a report. "If the Indian textile industry takes the right steps and gets adequate policy support from the Government, it could cross $500 billion by 2025 from its present size of $108 billion. This will also catalyse another 35 million jobs and $200 billion of investments," according to a study report by leading textile and polyester consulting firms Wazir Advisors and PCI Xylenes & Polyesters.

MUMBAI: Synthetic fibre producers have asked the Centre to "remove bias and anomalies" against the man-made fibre industry and bring down excise duty on par with cotton fibre and yarn for growth of the Indian textile sector. India is the world's second largest producer of MMFs with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. However, India's share in global exports of value-added textiles of MMFs is just about 3 per cent.

MUMBAI: Synthetic fibre producers have asked the Centre to "remove bias and anomalies" against the man-made fibre industry and bring down excise duty on par with cotton fibre and yarn for growth of the Indian textile sector . India is the world's second largest producer of MMFs with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. However, India's share in global exports of value-added textiles of MMFs is just about 3 per cent.

JAIPUR: The textile sector in Rajasthan will get the best of technologies and innovations as a part of plans to make the state a "one-stop and most-favoured destination for investment", Chief Minister Vasundhara Raje said today. The textile industry will be provided with the complete matrix of technology, innovation and quality in order to bring it in line with the 'make in India' Campaign of Prime Minister Narendra Modi , Raje said. "These (technology, innovation and quality)